The governments of Costa Rica and India are negotiating an Economic Cooperation Agreement and an Agreement for the Promotion and Reciprocal Protection of Investments.

Visit to Delhi pays off
- Minister unveils opportunities for trade, investment and cooperation.
- Indian authorities examine proposed agreement for the promotion and reciprocal protection of investments.

Delhi, March 20, 2012.
Today in Delhi, India the first stage of the visit by the Minister of Foreign Trade, Anabel Gonzalez came to a close. The Costa Rican delegation, composed of the Deputy Minister of Foreign Trade, Fernando Ocampo, Ambassador of Costa Rica in India, Juan Fernando Cordero, General Manager of the Foreign Trade Promoter (PROCOMER), Jorge Sequeira, Director of International Relations coalition for Development Initiatives (CINDE), Pilar Madrigal and the representative of Costa Rica-India Association (CRIA), Kapil Gulati, maintained a busy schedule that included meetings with government officials, business associations, entrepreneurs and media.

In the Indian capital, the delegation met with the Secretary of Commerce, Rahull Khullar and Minister of State for Finance, Shri Namo Narain Meena. In the first case, Costa Rica proposed the signing of an Economic Cooperation Agreement in order to exchange information and establish an official channel of communication between the two countries. In the second, an agreement was proposed for the Promotion and Reciprocal Protection of Investments. Both proposals were welcomed by the Indian authorities and technical teams will be in contract to start the negotiation of these agreements.

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Representatives from the government and private enterprise are looking to India for business opportunities and attracting investment.

From a press release from the Costa Rican Ministry of Foreign Trade (Comex):

A delegation led by the Minister of Foreign Trade, Anabel Gonzalez, will visit India next week, along with representatives from the Foreign Trade Promoter (PROCOMER) and the Coalition of Development Initiatives (CINDE). An intensive agenda of meetings with government officials and entrepreneurs will take place in three major cities of the country (New Delhi, Hyderabad and Bangalore) and the main objectives are to seek to promote the opening of communication channels, attracting investment and promoting exports.

Representatives of the China Federation of Cooperatives are visiting Costa Rica in order to explore and promote opportunities for trade and investment between both countries.

From a press release from the Ministry of Foreign Trade in Costa Rica:

San Jose, May 10, 2012. Representatives of the Chinese Federation of Cooperatives, which unites more than 4,000 instances from various sectors, is visiting Costa Rica in order to explore and promote opportunities for trade and investment between both countries and promote joint projects in areas related to economic development . The Chinese delegation is headed by the Vice President of the organization, Yu Peishun.

If made, the deal would provide a solid framework for increasing trade flows, investment and cooperation.

As part of the Costa Rican delegation's visit to Japan, the Costa Rican Minister of Foreign Trade, Anabel Gonzalez, held meetings with representatives of the Japan’s Ministry of Economy, Trade and Industry and Japanese businessmen with the aim of publicising opportunities for trade and investment in Costa Rica.

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